Active Listing  ·  196 days on market

1208 W Oltorf St #B

Austin, TX 78704
$960,000
3 Bed 4 Bath 1,904 sqft $504/sqft Built 2025 0.09 acres Pool Southwood

**Investor Opportunity | Turnkey Short-Term Rental in Prime Austin Location**

Built in 2025 and currently operating as a successful short-term rental, this stunning 3-story residence presents an exceptional opportunity for investors seeking an income-producing Airbnb in one of Austin’s most iconic and centrally located neighborhoods. Just minutes from South Congress (SoCo), Zilker Park, and Lady Bird Lake, the property benefits from consistent demand driven by Austin’s vibrant culture, dining, and outdoor lifestyle.

Designed with both guests and owners in mind, the home features a light-filled open floor plan with a modern designer kitchen showcasing quartz countertops, stainless steel appliances, and seamless indoor-outdoor flow to a covered back porch. A private driveway leads to a covered carport and welcoming front porch, offering privacy and convenience rarely found this close to downtown. The fenced backyard, shaded by mature trees, provides an ideal setting for guests to relax and unwind.

All three bedrooms are located on the second level alongside a dedicated laundry area. The third floor offers 374 square feet of finished flex space with a full bath—perfect as an additional guest suite, media room, or premium-value space that enhances rental appeal and nightly rates.

A brand-new refrigerator, washer, and dryer are included, making this a true turnkey investment. The home is currently operating as an Airbnb, and booking history, income details, and performance numbers can be provided upon request with a qualified buyer.

Whether you’re looking to expand your short-term rental portfolio or secure a modern, centrally located asset with strong income potential, this property offers flexibility, location, and proven use—all in one exceptional Austin investment.

At $504/sqft, this home is priced 29% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1208 W Oltorf St #B, Austin, TX 78704

Property Details

Price $960,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 1,904 sqft
Lot Size 0.09 acres (3,833.28 sqft)
Year Built 2025
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Southwood
County Travis
Zip Code 78704
$/sqft $504/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT216988826
List Date January 20, 2026
Elementary School Becker
Middle School Travis
High School Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
1208 W Oltorf St #A
Southwood
$960,000 $504 3 bd / 4 ba 1,904 sqft , 2026-01-31
2700 Pearce Rd
Manana West
$959,500 $458 4 bd / 2 ba 2,095 sqft , 2026-07-10
2323 S Lamar Blvd #206
Precision Add
$959,000 $732 2 bd / 2 ba 1,310 sqft , 2026-05-08
3524 Gonzales St #1A
Grange Commons
$958,000 $446 4 bd / 4 ba 2,147 sqft , 2026-06-02
1811 W 39th St #A/B
Ridgelea
$965,000 $472 4 bd / 3 ba 2,044 sqft , 2026-07-15

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$4,608/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$192,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$4,608
Principal + Interest−$5,239
Property Tax (~2.1% TX avg)−$1,680
Insurance (~0.5%)−$400
Est. Monthly Cash Flow $-2,711

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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